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Home » Business » Page 2

Category: Business

International Finance Corporation sets aside Shs366 billion to buy out bad loans
Business Featured

International Finance Corporation sets aside Shs366 billion to buy out bad loans

February 10, 2021February 10, 2021

The International Finance Corporation (IFC) has set aside $100m (Shs360b) to buy out Non Performing Loans (NPLs) from African banks. The move, according to IFC

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Use our riders at your own risk – SafeBoda
Business Featured

Use our riders at your own risk – SafeBoda

February 3, 2021February 3, 2021

A drastic announcement by tech-savvy motorcycle transport application-oriented company, SafeBoda, has generated widespread uproar on social media. On Tuesday, SafeBoda management updated its operating Terms

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Government spent less than planned in December – report
Business Featured

Government spent less than planned in December – report

January 27, 2021January 27, 2021

The Ministry of Finance has said government spent less than planned, registering a surplus of Shs382.71b against a planned deficit of Shs21.22b during December. The

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Interest rates drop by 0.45 per cent
Business Featured

Interest rates drop by 0.45 per cent

January 27, 2021January 27, 2021

Interest rates for the period ended November 2020 dropped, signalling stability in the lending market over the period. According to the Ministry of Finance, both

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MTN exits Jumia
Business Featured

MTN exits Jumia

November 4, 2020November 4, 2020

Telecommunications giant, MTN has divested its 18.9 per cent stake in online retailer, Jumia Technologies at $138m (Shs515.4b). In its quarterly performance update, MTN Group

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Why I’m officially unsubscribing from MTN Mobile Money, Mokash
Business Featured

Why I’m officially unsubscribing from MTN Mobile Money, Mokash

October 28, 2020October 28, 2020

I am one of the people who have been enjoying MTN Mobile Money (MM) services ever since I subscribed, about a decade ago. I would

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Interest rates rise despite low Central Bank rate
Business Featured

Interest rates rise despite low Central Bank rate

October 28, 2020October 28, 2020

Commercial Bank interest rates have risen to 20 per cent in quarter ended August from 18.9 per cent in May. The increase, according to Bank

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Airtel Uganda has new Managing Director
Business Featured

Airtel Uganda has new Managing Director

October 28, 2020October 28, 2020

Airtel Uganda has appointment Manoj Murali as its new Managing Director. Manoj takes up the mantle from V.G. Somasekhar who is moving to India, where

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A-Plus, A-Class in legal battle over trademark
Business Featured

A-Plus, A-Class in legal battle over trademark

October 21, 2020October 21, 2020

A-Plus Funeral Services has filed a case in which it is seeking to protect its trademark against infringement. In a case filed before the Commercial

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Telecoms see drop in voice calls
Business Entertainment Featured

Telecoms see drop in voice calls

October 19, 2020October 19, 2020

During the period between April and June, telecoms registered a decrease in voice calls, the Uganda Communications Commission Market Performance Report, indicates. The report indicates

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